Forecast iron ore prices for 2018/19 expected to be much lower and back under US$50/t , this will make funding difficult but not impossible as the chinese are mostly after the ore and not the profits , bringing down the iron ore price is their number one priority.
SDL ownership of Cam Iron could drop to only 37.5%
Stage 1 ore delivered to China $28/t including $16/t for rail and port capital charge is US $44 where forecast iron ore is headed.
Im guessing they get extension but really don't see any rerate short term.
SDL Price at posting:
0.7¢ Sentiment: None Disclosure: Not Held